The China plastic spouts market is estimated to garner a revenue of USD 145.0 Million by the end of 2035 by growing at a CAGR of 6.61% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 71.9 Million in the year 2022. The growth of the market in this region can be attributed to the growing working class women who are demanding more cosmetics products in China. According to a poll, almost 42% of Chinese women stated they spend an average of USD 73 to about USD 300 year on makeup, according to China Youth Daily. Also, there has been growing young population which is also estimated to increase the demand for cosmetics in China. Compared to older women (about 82%), a higher percentage of young women (approximately 87%) make up regularly. The women in China stated that often wear "little makeup" on ordinary days but "full makeup" while going to formal occasions such as banquets or business client meetings. Hence owing to the increasing demand for cosmetics in China, the market is expected to grow further.
Additionally, there has been growing demand for ready-to-eat products in China. Further, since COVID-19 the demand for read-to-eat meal went much higher since more people were staying at home. Also, the prices for raw material went up during COVID-19, hence consumers appeared to believe it was wise to store up food. Hence the demand for ready-to-eat food went up. Moreover, young people especially who are working prefer ready-to-eat food, since they find it more convenient than cooking at home. However, the geriatric population in China who are leaving alone is also estimated to demand for more ready-to-eat food. In China, the percentage of senior persons living alone has risen from about 17% in 1993 to approximately 26% in 2007 and may reach about 89% by 2030. Hence growing geriatric population in China who are living alone is also estimated to boost the growth of the market.
Base Year |
2022 |
Forecast Year |
2023-2035 |
CAGR |
6.61% |
Base Year Market Size (2022) |
USD 71.9 Million |
Forecast Year Market Size (2035) |
USD 145.0 Million |
Regional Scope |
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Growth Drivers
The National Development and Reform Commission (NDRC) of China and the Ministry of Ecology and Environment (MEE) jointly published "Opinions on Further Strengthening the Control of Plastic Pollution" on January 16, 2020, with the goal of outlawing and drastically reducing the production and use of environmentally harmful plastics over the course of the following five years. To avoid and control plastic pollution, the Chinese government seeks to promote the manufacture of alternative and biodegradable materials. As a result of its recyclable nature and minimal use of plastic during production, plastic spout pouches have become more and more popular.
China has been heavily reliant on generic drugs. Over 94% of the about 160,000 drug licenses granted by the Chinese FDA are for generic medications, according to the National Health Commission of that nation.
In China, more than half of the male consumers as of 2021 claimed to use skincare products frequently, if not daily.
More than 65,000 domestic pre-cook-related businesses were registered in the country as of June 2022, more than 1,019 of which were brand-new businesses.
Every month, China generates almost 6 million metric tonnes of plastic products. The greatest monthly production of plastic goods since January 2020 was approximately 8 million metric tonnes in December 2021.
Challenges
The China plastic spouts market is segmented and analyzed for demand and supply by end user into food & beverage, cosmetics & personal care, pharmaceuticals, and others. Out of which, the food & beverage segment is anticipated to garner the highest revenue of USD 57.7 Million by the end of 2035, up from a revenue of USD 27.8 Million in the year 2022. Further, the segment is anticipated to grow at a highest CAGR of 6.91% over the forecast period, backed by growing demand for organic food which is further estimated to boost the adoption of flexible packaging. The sales of organic food in China climbed to roughly USD 75 billion in 2021. China exported organic foods valued over 1 billion US dollars in the same year. Flexible packaging is preferred as it is convenient for transit and storage. Spout pouches are most frequently used to package baby foods and beverages. Hence, further owing to growing demand for baby food the market is estimated to grow. Plastic spouts are extensively used by food sector in order to store jelly, cream, spread, or any other thick liquid in produce. Additionally, growing number of food industries and demand for more innovative packaging solution the market is estimated to grow further.
The China plastic spouts market is also segmented and analyzed for demand and supply by packaging type into pouch, bottle, and others. Amongst which, the bottle segment is expected to generate the highest revenue of USD 66.8 Million by the end of 2035, up from a revenue of USD 33.5 Million in the year 2022. However, pouch segment is anticipated to grow at the largest CAGR of 7.33% over the forecast period, backed by their growing preference owing to their customizable and versatile nature. Spout pouch are a type of flexible plastic packaging, hence they are found to be more convenient and they are also better on environment than rigid packaging. This packaging is used for a variety of products including energy drinks, baby food, cocktails, detergent, and screen washing solutions. Additionally, spout pouch demand has increased as a result of rapid urbanization, hectic lives, and rising individual spending power. These factors have also increased the sales of packaged food goods.
Our in-depth analysis of the China plastic spouts market includes the following segments:
By Spout Type |
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By Packaging Type |
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By End User |
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Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the China plastic spouts market that are included in our report are, Guangdong Oudaya Packaging Co., Ltd., Shantou Fenbo Packaging Co., Ltd., Shantou Jinlei Plastic Industrial Co., Ltd., Shenyang Tengsheng plastic packaging co. LTD., Guangzhou Cheers Packing CO., LTD, Mingsanfeng Cap Mould Co.,Ltd, Shantou Mandun Plastic Co.,Ltd., Georg Menshen GmbH & Co. KG, Changzhou Huapu Plastics Container Co., Ltd., and others.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: The major factors driving the growth of the market are growing government initiatives to reduce plastic pollution, growing production of generic drugs in China, growing demand for cosmetics by men in China, and others.
Ans: The market is anticipated to attain a CAGR of 6.61% over the forecast period, i.e., 2023 – 2035.
Ans: Recycling and environmental concern of plastic spouts, supply chain disruption, and shortage of raw material for manufacturing estimated to be the growth hindering factors for the market expansion.
Ans: The major players in the market are Guangdong Oudaya Packaging Co., Ltd., Shantou Fenbo Packaging Co., Ltd., Shantou Jinlei Plastic Industrial Co., Ltd., and more.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by spout type, packaging type, end user and by region.
Ans: The food & beverage segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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